Merivale Magic

90, Browns Road, Merivale, Christchurch City

Price On Application

Proposed Usage
Hotel & Leisure
Floor Area
280.00 m²
Description:
Property ID
1c75vwk

A quality built residential Merivale guesthouse in two titles with strong corner profile. Returned $82,760 Gross year end 2019. This property has been a great performer for the current owner and is made up of nine bedrooms with two bathrooms, two kitchens, spacious living area, sunny and private decked outdoor BBQ areas and ample carparking. Permanent materials. Currently used for overseas students and working visa professionals. North facing with established gardens. Combined RV of $950,000. Recent Valuation available. Current vendor is retiring. Great income producing land holding in Merivale what more could you want. Can be split back in to two individual properties. Some internal work would enhance. Income with upside in a fantastic location.

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Merivale Area